NSE revokes licences of 10 brokerage firms over malpractices; 48 declared inactive

Friday, February 10, 2012
 

Kindly find below the list of Dealing Member Firms whose licenses were either revoked, considered inactive or/and unactivated as at Friday, 10th February, 2012:

Summary of Sanctions
i. Dealing Member Firms whose licenses are revoked - 10  

ii. Dealing Member Firms who are Inactive - 48 

iii. Dealing Member Firms whose licenses are inactivated - 27

DEALING FIRMS WITH REVOKED LICENSES

1.    Apex Securities Limited

2.    Asset Plus Securities Limited

3.    Beachgroove Securities Limited

4.    Broadeage Securities Ltd

5.    IMB Morgan PLC ( Morgan Trust Ltd)

6.    Jenkins Investment Limited

7.    Prudent Stockbrokers

8.    Source Finance & Trust

9.    Thomas Kinsley Securities Limited

10. Viva Securities Limited

INACTIVE DEALING MEMBER FIRMS

 1.    AAA Securities Limited

2.    Adamawa Securities Limited

3.    Belfry Investment & Securities Limited

4.    BIC Securities Limited

5.    CEB Securities Limited

6.    Colvia Securities Limited

7.    Consolidated Investment Limited

8.    Dakal Services Limited

9.    Dependable Securities Limited

10. Empire Securities Limited

11. Express Discount Asset Management Limited

12. Epic Investment Trust Limited

13. Equator Stockbrokers Limited

14. First & Foremost Investment Limited

15. First Atlantic Securities Limited

16. Folu Securities Limited

17. FIS Securities Limited

18. Genesis Securities & Investment Limited (Ibadan)

19. HALSEC Finance

20. Ideal Securities Limited

21. Indemnity  Finance Ltd

22. Lion Stockbrokers Limited

23. Metropolitan Trust Nigeria Limited

24. Midland Capital Markets Limited

25. Midlands Investment & Trust Limited

26. Molten Trust Limited

27. ML Securities Ltd

28. Perfecta Investment & Trust Limited

29. Pivot Trust & Investment Co. Limited

30. Professional Stockbrokers Limited

31. Regency Finance Ltd

32. RIV Trust Securities Limited

33. Riverside Trust Limited (Kaduna)

34. Securities Trading & Inv. Co.

35. Sikon Securities and Investment Trust Limited

36. Supra Commercial Trust Company Limited

37. Transglobe Investment & Finance Company Limited

38. Tropics Securities Limited

39. Vision Trust & Investment Limited

40. Wema Asset Management Limited

41. WizeTrade Capital & Asset Mgt Ltd

42. Yobe Investment & Securities Limited

43. Zuma Securities Limited

44. Alliance Capital Management Company Limited

45. Monument Sec & Finance Ltd (Kano)

46. Omas Investment & Trust Company Limited

47. Platinum Capital Limited

48. First Equity Securities Limited

UNACTIVATED LICENSES

1.    African Alliance Stockbrokers Limited

2.    Al-pina Investment & Trust Co. Limited

3.    Arthur Stevens Asset

4.    Barakat Investment Limited

5.    Bauchi Investment Corp. Sec Limited

6.    BBL Asset Mgt Ltd

7.    Bosson Capital Assets Limited

8.    CDL Capital Markets Limited

9.    Crescent Capital Limited

10. Dealers Assets Management Limited

11. Edgefield Capital Management Limited

12. Enabell Capital & Investment Limited

13. GilJohn Capital Limited

14. Integrated & Allied Securities Limited

15. KFF Worldwide Solutions Limited

16. Kingdom Securities Limited

17. Mc-Finerco Investment Limited

18. Merit Securities Limited

19. MultiTrust Securities Limited

20. Ocean Securities & Stockbrokers Limited

21. Silver & Gold Securities Limited

22. Standard Chartered Securities Ltd

23. Trans Lux Services Limited

24. First Express Limited (Ilorin)

25. Royal Guaranty & Trust Ltd

26. Truebond Capital & Asset Management Ltd

27. Afro-Arab Investment Limited

Source: NSE